Zhongcheng Group seeks $315m in related-party loans

** Qingdao Zhongzi Zhongcheng Group (SZSE:300208) announced that it is seeking approval to secure up to CNY 2.2 billion (approximately USD 315 million) in loans from its controlling shareholder, Qingdao Urban Construction Finance Holdings Group, and its related entities. The move aims to alleviate financial pressure, meet operating capital needs, and bolster the company's risk resilience and financing efficiency. The proposed loan interest rate will not exceed 8% per year, with the actual interest accrued based on the number of days of use.